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good morning, jon. >> reporter: good morning. the details are still being worked out and nobody has signed on the dotted line yet. they still need to see if it will fly with their membership, but they decided on this, a debt ceiling increase of $4.4 trillion. that's enough to get the president past the next presidential election. there would be immediate cuts agrewed to over the next ten years of $1 trillion. then a committee is established. a special congressional committee, that would recommend cuts of a trillion dollars more. the key thing with that committee, bianna, if congress did not act on those recommendations, there would be automatic spending cuts that would take place that would be uncomfortable for both sides. again, details still being worked out. not final yet. but that's the framework that's emerging. >> at least there's a framework they are dealing with. dan said earlier in the show, something, some sign of hope in washington this morning. all right. thank you. dan. >> still fragile but some signs of hope. >>> an
good morning, jon. >> reporter: good morning. the details are still being worked out and nobody has signed on the dotted line yet. they still need to see if it will fly with their membership, but they decided on this, a debt ceiling increase of $4.4 trillion. that's enough to get the president past the next presidential election. there would be immediate cuts agrewed to over the next ten years of $1 trillion. then a committee is established. a special congressional committee, that would...
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Jul 17, 2011
07/11
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budget director jack lew and senator jon kyl. two people who are around the negotiating table. in the meantime, also the report about wanting to go back to the grand bargain. president said he wanted to do that. speaker boehner said he wants to do that. the question is whether they can get elements on board to pass such a thing. that also is something that is being required right now by the ratings agency. moodys. standards & poors. said they must have some credible deficit reduction plan, 4 trillion or so over the next 10 years because of the way they are looking at the u.s. dollar and threatening to downgrade u.s. credit worthiness, and that would be -- add to the catastrophic woes a default can bring. >> the administration said itself if we don't have a plan by this friday, we will not meet the august 2nd deadline. all right. cristiane, a lot of tension there in washington. be sure to join christiane where she sits down with office of management and budget, jacob lew and senate minority whip jon kyl on "this week." >> for a check of the morning top stories, filling in for ro
budget director jack lew and senator jon kyl. two people who are around the negotiating table. in the meantime, also the report about wanting to go back to the grand bargain. president said he wanted to do that. speaker boehner said he wants to do that. the question is whether they can get elements on board to pass such a thing. that also is something that is being required right now by the ratings agency. moodys. standards & poors. said they must have some credible deficit reduction plan,...
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Jul 21, 2011
07/11
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jon, thanks so much. robin? >> all right, david. >>> so many families along the atlantic coast worried today after a shark attack in shallow waters. a 6-year-old girl is recovering after a shark bit her on the foot and leg while she was playing close to shore. abc's steve osunsami is in topsail beach, north carolina, with the latest on that, good morning, steve. >> reporter: good morning, robin. that little girl was a little thing playing in water that was this high. just 18 inches. surprisingly high enough for a shark attack. the 6-year-old girl was floating ononer boogie board. had no idea what was lurking in the water just 18 inches below. the shark came from behind, grabbed on to her right leg and wouldn't let go. her mother, watching a few away, started screaming. >> mother yelled that the child had been apparently bit by a -- what appeared to be a shark. >> reporter: she was air lifted to a hospital two hours away. this morning, her family is grateful she is alive and in good condition. here on the carolin
jon, thanks so much. robin? >> all right, david. >>> so many families along the atlantic coast worried today after a shark attack in shallow waters. a 6-year-old girl is recovering after a shark bit her on the foot and leg while she was playing close to shore. abc's steve osunsami is in topsail beach, north carolina, with the latest on that, good morning, steve. >> reporter: good morning, robin. that little girl was a little thing playing in water that was this high. just...
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abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing? >> reporter: we know they're talking about a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare. most likely cost of living increases going down. and in exchange, republicans would accept some increase in tax revenues as part of an overhaul of the tax code. as one top administration told me, we need to do something unthinkable on entitlements. they need to do something unthinkable on taxes. >> unthinkable may be the word. these talks have been going on between the president and speaker boehner. but there hasn't been a lot of discussion among the wider conferences in the house and the senate democrats and republicans. and i guess the big question coming out of today's meeting, when other leaders find out about it, is it something they can work with and is it something that will fly? >> repo
abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing? >> reporter: we know they're talking about a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare. most likely cost of living increases going down. and in exchange, republicans would accept some increase in tax revenues as...
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Jul 5, 2011
07/11
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republican mitt romney and jon huntsman met face to face. what did they say? >> it was a nice exchange, a nice greeting. wishing each other luck and being friends. that's the way that all the candidates on the republican side should be. >> reporter: halfway across the country in clear lake, iowa, two other candidates enjoyed the same parade though hardly the same crowds. >> hi there. happy fourth of july. >> reporter: the surging michele bachmann was surrounded by a sparkly throng of supporters and a new campaign bus. the fourth is a glorious day for all americans including candidates. for them, it may be a chance to take a break from their recent big obsession, cash. mitt romney expects to come in somewhere south of 20 million. tim pawlenty, jon huntman and ron paul all way south of that. around 4 million apiece. meanwhile, president obama could raise as much as 60 million, though he spent the day with men and women whose value is beyond priceless. >> i cannot think of anybody i would rather celebrate with than all of you, the men and women of our military an
republican mitt romney and jon huntsman met face to face. what did they say? >> it was a nice exchange, a nice greeting. wishing each other luck and being friends. that's the way that all the candidates on the republican side should be. >> reporter: halfway across the country in clear lake, iowa, two other candidates enjoyed the same parade though hardly the same crowds. >> hi there. happy fourth of july. >> reporter: the surging michele bachmann was surrounded by a...